Nuclear startup X-Power has added $200 million to an present $500 million Sequence C spherical.
The small module reactor specialist beforehand introduced a deal with Amazon in October, which included an funding and growth agreements to construct 300 megawatts value of nuclear energy vegetation within the Pacific Northwest.
New buyers within the spherical embrace Ares Administration, Laurene Powell-Jobs’s Emerson Collective, Jane Road, and Segra Capital Administration.
X-Power is one among many nuclear startups to have benefitted from the AI-driven information middle increase alongside the Trump administration’s help of nuclear energy.
The corporate’s Xe-100 reactors are anticipated to generate 80 megawatts of electrical energy every, or sufficient to energy round 50,000 houses.
The reactors are powered by so-called TRISO gas, which was designed to be safer than the extra generally used gas rods. Every “pebble” of gas comprises round 18,000 poppy seed-sized, carbon-coated uranium particles, and a single reactor can be loaded with 200,000 pebbles.
X-Power expects its first reactor for Amazon to come back on-line within the early 2030s.
The corporate mentioned the brand new funding will assist full its reactor design and licensing together with constructing the primary section of its gas fabrication plant in Oak Ridge, Tennessee.
